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October 11th - According to the Associated Press, several Saudi Arabian officials recently stated that Saudi Arabias stockpile of air defense interceptors is "critically low." The report said that Saudi officials indicated they have requested support from France, Britain, Pakistan, and Egypt to deploy air defense systems in the region. One official stated that the United States, in its conflict with Iran, has also found its own weapons stockpile dwindling. Saudi officials also stated that the US assistance includes intelligence sharing, target identification, and planning for the recent offensive against the Houthis.The National Hurricane Center reports that post-tropical cyclone Isaias is located about 70 miles (115 kilometers) northeast of Huntsville, Alabama, with maximum sustained winds of 25 miles per hour (35 kilometers per hour).The U.S. National Hurricane Center: As Isaias accelerates northeastward, the risk of flash flooding in the Blue Ridge region remains.On October 11, local time, the Australian government issued a travel advisory, warning its citizens to avoid traveling to King Khalid International Airport in Riyadh, the capital of Saudi Arabia, and reminding travelers planning to go to Saudi Arabia to pay attention to the local security situation. The Australian government reminded its citizens that the regional security situation could further affect air traffic and that they should closely monitor the latest information released by airlines and local authorities. The Saudi Arabian Civil Aviation Authority issued a statement early on October 11 saying that the attack on Riyadhs international airport on October 10 resulted in 12 deaths and 309 injuries.On October 11th, multiple US media outlets reported on October 10th that in July of this year, an AI model from the US artificial intelligence company Anthropic submitted a false lead for an unsolved murder case to the Philadelphia Police Departments website. Anthropic stated in a report on the 9th that its "Claude Haiku 4.5" model visited the Philadelphia Police Departments website soliciting information on an unsolved murder case. The model filled out a form on the website, claiming to "possibly possess information related to the case," and submitted the form. The model did not fill in its name or contact information. The form was marked as spam, and the police did not launch an investigation based on it. The Philadelphia Police Department stated that they were unaware of this matter until Anthropic recently notified them, and the incident was "unacceptable." The police emphasized that technology companies must take all necessary measures to prevent their systems from submitting false information to law enforcement.

NYMEX crude oil is approaching a seven-year high again, OPEC+ accurately grasps the weakness of the United States

Oct 26, 2021 10:58

On Tuesday (October 5), international oil prices continued a new wave of gains triggered by the previous trading day. Earlier, the world’s major oil-producing countries announced their decision to maintain the current pace of increasing production. Crude oil-consuming countries feared that this would undermine the recovery from the epidemic.

GMT+8 15:45, NYMEX crude oil futures rose 0.36% to 77.91 US dollars/barrel; ICE Brent crude oil futures rose 0.55% to 81.70 US dollars/barrel. The two cities closed up 2.27% and 2.56% respectively overnight, and set a new high of US$78.38/barrel since November 10, 2014 and a new high of US$82/barrel since October 14, 2018.


The Organization of the Petroleum Exporting Countries and Russia's oil-producing allies (OPEC+) said on Monday (October 4) that they will stick to the existing agreement-increasing production by 400,000 barrels per day each month, ignoring the demands of major oil-consuming countries such as the United States and India to accelerate production. Call.

A senior aide to US President Biden discussed a series of issues during a meeting with Saudi Crown Prince Mohammed in Saudi Arabia last week, calling oil prices "worrying." India, another major oil consumer, is also struggling to demand an increase in oil supply.

Demand rebounded rapidly, and supply was disrupted by various factors, including the hurricane that severely damaged US production, and the low level of investment in the entire industry when demand fell sharply during the worst of the epidemic. Oil prices have soared by more than 50% this year, which has increased inflationary pressures.

Crude oil-consuming countries generally believe that the global economy has slowly recovered from the epidemic, and the prospects for oil demand are promising. However, sources in the oil-producing countries revealed shortly before the vote that despite the pressure to increase production, OPEC+ is concerned that the fourth wave of the global new crown epidemic may hit the demand recovery.

The organization agreed in July to increase production by 400,000 barrels per day at least until April 2022, in order to gradually end the current 5.8 million barrels per day production reduction plan. The current reduction in production has been much lower than the reduction in production during the worst period of the epidemic.

Russian Deputy Prime Minister Novak said after the meeting: "We will pay close attention to the situation. We know that demand usually declines in the fourth quarter. Our plan to increase (output) is progressing steadily. We will pay close attention to how the market will achieve it. balance."

Capital Investment Macro said: “We expect that the gradual normalization of demand growth and the rebound in supply will have an impact on oil prices from the fourth quarter. OPEC+ increases production and this dynamic will be reversed."

Avtar Sandu, Senior Commodity Manager of Phillip Futures in Singapore, said: "In the short term, the oil market may increase volatility... However, the main trend remains intact, and a deep correction will provide buying opportunities."

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